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California Public Employees' Retirement System

A collection of news and information related to California Public Employees' Retirement System published by this site and its partners.

Top California Public Employees' Retirement System Articles

Displaying items 12-22
  • More public-employee pension nonsense in California

    To the editor: An oxymoron is a figure of speech producing an incongruous, self-contradictory effect, as in "employee retirement contribution." ("Pension spiking could cost CalPERS nearly $800 million," Sept. 9) State Controller John Chiang's audit says...
  • Bankrupt San Bernardino, California, can cut firefighter benefits, judge says

    RIVERSIDE Calif. (Reuters) - The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday. In a tentative...
  • Pension spiking could cost CalPERS nearly $800 million

    SACRAMENTO — A legal way to increase pensions by boosting the final pay of retiring state and local government workers could drive up public employee pension costs in California by as much as $796 million over the next 20 years, the state controller...
  • Pension 'spiking' to cost CalPERS nearly $800 million, controller says

    Taxpayers and local governments are on the hook to pay nearly $800 million stemming from "legal" pension spiking over the next two decades, the state controller said Tuesday. The price tag came as Controller John Chiang issued a new audit of the...
  • Who's minding public pensions?

    In September 2012, Gov. Jerry Brown signed into law a modest pension reform measure that tried to close some of the loopholes that could inflate pensions. Last week the board of the California Public Employees' Retirement System, or CalPERS, diluted...
  • California city looks to quit Calpers, fears it can't afford to

    LOS ANGELES (Reuters) - Officials in Villa Park are considering pulling the tiny California city from Calpers, saying the monthly costs of the state's giant public pension system are crippling the municipal budget. But Villa Park fears that pulling out...
  • BofA to pay $16.65 billion over soured home loans in mortgage meltdown

    Bank of America Corp. will pay a record $16.65 billion to resolve government claims over soured home loans in what is probably the last major settlement stemming from the mortgage meltdown. The deal also largely closes the chapter on the bank's...
  • Ethics panel wants stiffer penalty for CalPERS' Priya Mathur

    Ethics panel wants stiffer penalty for CalPERS' Priya Mathur
    The state's ethics panel is taking a get-tough stance toward a board member of the nation's biggest government pension fund, who has repeatedly failed to file legally required disclosure reports. In an unusual move, the Fair Political Practices...
  • Bank of America to pay record $16.65 billion to settle mortgage claims

    Bank of America to pay record $16.65 billion to settle mortgage claims
    Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice...
  • Joseph A. Dear dies at 62; CalPERS investment chief

    Joseph A. Dear dies at 62; CalPERS investment chief
    SACRAMENTO — Joseph A. Dear, the chief investment officer who helped guide California's and the country's largest public pension fund out of the Great Recession, has died. He was 62. Dear died Wednesday in Sacramento after battling prostate cancer...
  • California Governor decries Calpers vote on pensions

    LOS ANGELES (Reuters) - California Governor Jerry Brown decried a move by the state's giant public pension fund on Wednesday to include temporary pay hikes in the way pensions are calculated for newly hired workers. The board of the California Public...